Farm Bureau’s $12,400 boost to Oklahoma food aid

May 06, 2024

By Farms.com

The Oklahoma Farm Bureau (OKFB) along with its county counterparts, has mobilized a generous sum of $12,400 through the Farm Bureau Cares - Community Food Donation Matching Program. This initiative is geared towards bolstering food assistance programs that serve vulnerable communities throughout Oklahoma.

Since its inception in 2021, the program has been a pivotal force in encouraging county Farm Bureaus to contribute towards the fight against food scarcity. By matching donations made by county bureaus, OKFB ensures that their impact is magnified, providing greater support to organizations dedicated to feeding the hungry.

This year’s fundraising saw participation from more than 30 county Farm Bureaus and Women’s Leadership Committees. The contributions were directed to a variety of food-related charities, including local food banks and meal programs organized by churches and groups supporting victims of domestic violence.

The collective effort by Farm Bureau members across Oklahoma underscores their recognition of the importance of community support and food security. Through the Farm Bureau Cares program, they extend the fruits of their agricultural labor to nourish the market and the less fortunate members of their community.

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!